On 18th November, 2018, the FIA World Endurance Championship 6 Hours ofShanghai Race was held at the Shanghai SAIC International Circuit for the 7th time. PWN supported and participated in this highly anticipated event as a sponsoring partner. This year's WEC Shanghai lineup was led by champion-class driver, Fernando Alonso. Four groups of dozens of cars competed in the same race, and the six-hours of uninterrupted excitement rose the atmosphere for the audience!

The FIA World Endurance Championship is an auto racing world championship organized by the Automobile Club de l'Ouest (ACO) and sanctioned by the Fédération Internationale de l'Automobile (FIA). The FIA World Endurance Championship (WEC), Formula 1 Championship (F1) and the World Touring Car Championship (WTCC) are known as the world’s three major auto racing events.

WEC's first race began in 2012. It was formerly theIntercontinental Le Mans Cup (ILMC), dating back to 1923, with nearly 100 years of history and an industry benchmark. The Le Mans Series is the core event of the World Endurance Championship. Its global influence is comparable to F1 and from a technical perspective, it is even more exciting than F1. As a brand, its influence is immeasurable. ”

In a recent media interview, Phoenix Wealth Management representative in Shanghai said: "The company has paid special attention to the investment market in China and is one of the main target markets for global asset management companies to enter. Our company is honored to have the opportunity to participate in the event as a sponsor. World EnduranceChampionship Shanghai has become a highly anticipated racing event with global attention. This year's race also attracted major brands to gather in Shanghai. Competing in exceptionally strict race conditions, speed, strategy, stability, and luck plus many other areas, the exhilarating race exceeded our expectations, making it an awesome event to witness live.”

CyrileTaesch Wahlen, General Manager of the Asian Le Mans Series, said: "TheAsian Le Mans Series is very pleased to welcome outstanding companies such as Phoenix Wealth Management to join us in promoting WEC's development of the racing industry in China. I am very happy that the WEC Le Mans Series ending as planned, perfectly."

Since2015, China has become one of the most important motorsport markets in the world. At present, China is already second in the world for car ownership and it is expected to surpass the United States in 2019. Coupled with the gradual rise of interest of the racing culture in China, it is expected to develop into an unstoppable trend.

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